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Search Results 0 to 49 of about 148 (some duplicates have been removed)
? the private economy did well up 3.4%. it was the government economy that fell. i would like to see us finishing the spending cuts of the government. shrink the government more. grow the private economy by 5%. that is my vision. now there is more bad news for new jersey senator bob menendez as the fbi raids the offices of one of his close financial backers. will it present key evidence in the alleged prostitution scandal surrounding the senator. it's all unconfirmed but the potential legal fallout is huge. >>> israel takes no chances. the air force launches two air strikes in syria preventing the assad regime from transporting chemicals and weapons of mass destruction to hezbollah. if the red line is crossed israel will attack again. we cover it all. "the kudlow report" begins now. first up we learned today the fourth quarter gdp fell slightly, much to everybody's surprise. so the white house is blaming republicans for the fiscal tax cliff and the spending sequester which i think is hilarious. they invented the sequester. we have had tax, spend and regulate policies for four years. why
a great night. ♪ lou: >> a very good evening. i'm lori rothman. the obama -- obama economy heading a stumbling block, suffering its first decline since the end of the recession. the government cutting spending and u.s. businesses trying down inventories in the fourth quarter causing the economy to contract for the first time in more than three years. u.s. gross domestic product falling a rate of a tenth of a percent, that is the worst performance since the second quarter of 2009. this is growing at a 3% clip in the third quarter of last year. the federal reserve today saying that growth has stalled, but telling the public temporary, pledging to continue with the easy money policy into the outlook for employment improved substantially, the news coming as somewhat of late surprised as economists predicted. the economy hit with super storm sandy in late october causing extensive damage along the east coast, seen as a major factor. economists see the same growth in excess of 3 percent will be needed to significantly lower unemployment and get at least some of the 23 million unemployed
to the economy. a day after the dow closed above the 14,000 mark for the first time since before the financial crisis. >> we are poised to grow in 2013. and the real signs of progress. home prices are starting to climb again. car sales are at a five-year high. manufacturing is roaring back. our businesses created 2.2 million jobs last year. and we just learned that our economy created more jobs over the last few months than economists originally thought. >> now, former senator scott brown says he will not run on a special senate election in massachusetts. it's a setback. republicans who hope to win the seat vacated by secretary of state john kerry. brown lost hre-election bid to elizabeth warren in november. for more on the response to the milestone week to the dow, let's go to kristen welker at the white house for us. good saturday morning to you. what is the take on the latest economic news, after the rocky start with the negative gdp number? >> good morning, alex. a real mixed bag this week. the white house responding as they typically do, when we get one of these jobs reports or gdp report
the a tell you what it means for your wallet and the economy. and for some the super bowl is nothing but filler between those often-times hysterical commercials. jon: love them. jenna: we have a sneak peak at madison avenue's finest. it's all "happening now." take a look at unemployment rate, the new one that we got today i think it's going in the wrong direction. the news not all bad, not all good, we'll work through it for you everybody. glad to have you with us on friday. i'm jenna lee. jon: i'm glad it's friday. i'm jon scott. employers adding $157,000 jobs in january continuing the slow pace of job growth we have seen in recent months and years. it didn't make a dent in the unemployment rate. in fact the nation's jobless rate rising in january to 7.9%, clearly not good news. that doesn't seem to be phasing wall street, though. take a look at the dow, up more than 130 points, and approaching 14,000. senior white house foreign affairs correspondent wednesday algoler joins us live. >> reporter: as one analyst put it the top line is not so good but the bottom line is really not so b
, an unexpected jump of over 38,000 from the prior week's four year low. the obama economy seems stuck in neutral. recoveries fragile. yesterday the drop in gdp. tomorrow's january unemployment report expected to remain. critics said the president has not remained lazar focused on creating jobs, and the dissolution of the jobs council is just the latest example of that. fox news senior white house correspondent with our report. >> more than one year after his last meeting with the group, president obama is now reviewing the charter for is jobs council. the unemployment rate is falling a little more than a percentage point as the council's first meeting two years ago and no one in the white house says it has fallen far enough. officials defend the council's work in mr. obama's interaction with it. >> the jobs council provided us a series of ideas, many of which the president acted on. it did not require some leaves us ideas to be generated. >> from the start critics believe the council was intended to create the appearance of action in the face of soaring unemployment. it only met four times and h
horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> good morning. welcome back to "starting point." i'm christine romans with a look at your top stories. the bodies of dozens of young men now in the city of aleppo. it appears they were executed with shots to the head. and their bodies were dumped. this as rumblings come out of france that more intervention might be needed to end the carnage. >>> ready for hillary, even if she's not. a group of hillary clinton supporters launching a super pac. they registered last week with the federal election commission and expect to have a website up and running in the next couple of days. before secretary clinton steps down officially, our jill dougherity and elise labotte will conduct her exit interview. >>> a semi in china. a few more feet, a few more inches, this would have been the end. >>> tiger won the farmers insurance open in dominating fashion yesterday, tiger's 75th pga tour win. seven behind the record of sam snead. eighth win at torrey pines, including the 2008 u.s. op
somethings looking for a better life, better economy. promises made during the revolution. it never came through. the violence has decreased. nothing what we saw over the weekend. but you have people here defying the president's declaration of a curfew and emergency rule where we are in port said. the curfew is technically supposed to go in place in a few hours. but people have told the president, we know there is a curfew. we are protesting anyway. clearly defying him. >> who is in control on the streets? when you look at the pictures you say there is good news that the violence isn't what it was. is there a sense they will continue between the government and protesters that's playing out? lost the signal. we're going to try to get back to him as soon as we can. the turmoil in egypt. real concern for hillary clinton. she talked to cnn about those challenges and what she thinks egypt's struggling new government needs to do. >> it's difficult going from a closed regime and essentially one man rule to a democracy that's trying to be born and learn to walk. there are clear lessons. you have
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the debt we can eliminate an additional drag on our economy. so this isn't a conversation about austerity. it is a conversation about growth and opportunity. that doesn't mean we're all going to agree on the path forward. americans certainly expect a serious policy debate. they expect both parties to offer competing plans to preserve and protect long-term entitlement programs and they expect both sides to propose different plans to get our fiscal house in order and our country back to economic health. now, republicans have done their part. the budget is passed by house republicans over the past couple of years contained fresh ideas that would help solve our fiscal crisis an. but from the democrats, so far not much. four years on, president obama and congressional democrats still have yet to offer a serious plan to address the economic challenges we face. they have been content to wage political war instead. it is my hope that the debate over the debt ceiling will finally move our friends on the other side beyond their preoccupation with the horse race. already, senate democrats have commi
years, our economy shrank in the last three months of last year. that was unexpected, the markets were a lit aloof for awhile, but look where they're standing now. as you can see. we'll continue to cover breaking news on studio b. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? >> shep: the country, the economy shrank for the first time since last year, and it has taken economists by surprised. it slowed down 3.2% from the last quarter. and they are blaming a drop in exports, and factories shutting down after supe super storm san, and weighing down on the economy, the slowdown raising concerns about the ongoing recovery. jerry is with us, and you were saying a few minutes ago
of the blackberry ten later in the show. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultimate combination of speed, small size, and low-cost printing. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? constipated? yeah. mm. some laxatives like dulcolax can cause cramps. but phillips' caplets don't. they have magnesium. for effective relief of occasional con
debate. >> there is no question that the economy is what the elections are about. but i would point out to the scholars that there were two chefs in public opinion during this campaign. the first one came after the first debate. when suddenly, here came romney and people said, that look like obama was going to run away with it, and the second change came at the end of the democratic convention, after the speech by bill clinton. these chefs do change minds and i think fat they are one of the best parts of the campaign process and i think that we need to have more debates. >> but let me say to the scholars, they overlook the obvious and maybe that is why they are scholars. [laughter] no, that is applied -- that is not a put down. scholars need to go beyond the obvious. that is what makes them scholars. what is obvious is that 64 million people watched the first debate. four years ago was about the same number and there was no two-one change like there was in 2012 of what the debates too, they are confirming exercises. and the scholars tend to say, they did not change any votes and as a co
of the u.s. economy, a lot of americans have been waiting to see who would be held accountable. who would pay a price for what was done to our economy? today, the justice department announced it's going after one player, the huge credit rating agency s&p. it's a big case that could result in a big fine, but some are also wondering if revenge isn't a motive here, because the s&p, after all, lowered the u.s. credit rating after the fiscal cliff debacle. our report on all of it tonight from our justice correspondent, pete williams. >> for $16,000 -- >> reporter: the justice department and a dozen states today accused the world's largest credit rating agency, standard & poor's, or s&p, of endorsing investments that it knew were shaky, playing a direct role in the housing collapse. >> s&p was a trigger for the destruction of our economy. while big banks and lenders built mortgage-backed funds it was s&p's faulty ratings that detonated them. >> reporter: the lawsuits claim that for at least three years s&p gave its highest rating, aaa to financial packages issued by banks and made up of mortgag
economy has been building the space program. two earlier launches failed, two others were aborted. last month north korea successfully launched a rocket as well. white house called the launch a cover. test ban to missile technology. >>> next week back in this country the state department will hold a welcoming ceremony for john kerry. he has been confirmed as the next secretary of state. the vote was 94-3 and john kerry was there. he could be sworn in as early as friday. no official date has been set. the governor of massachusetts says he will appoint a temporary successor to fill kerry's u.s. senate seat. >>> just about 45 minutes from now the senate will hold its first committee hearing on gun violence since the newtown school shooting. kyla campbell is live in our washington, d.c. newsroom. we are hearing gabrielle giffords will be a witness this morning. >> reporter: giffords is expected to give an opening statement but she won't be taking questions from the senate panel. several gun safety advocates are testifying today including giffords husband mark kelly. in the two years since s
. it was probably a mistake. he wanted i am sure to show the appear ranges of activity while the economy has remained langwith for these years. we had a deep recession and sputtering and at that time the president wanted to show he cared. he created a blue ribbon commission. how come you are not meeting with them more. when will was the last time you met with them. why don't you talk to these people why don't you worry about jobs. at the closure it's embarrassing with such high unemployment, 23, 24 million people in the wrong situation just not the optics are bad. >> their mission was in the president's view an important one. a lot of people look at this as one, when president obama had a background he never ran a company and never worked for a company. he was a community organize he were and worked at a law firm. didn't work in business. so this was a way in which he would have outreach directly to the business community about their concerns and help guide his agenda toward creating more jobs. he barely met with them and now it's done, chris. is this not just an invitation for more criticis
and we need a successful resolution to the information. >> breaking news on the economy sparking a new debate over the president's priorities for his second term as washington talks of gun violence and immigration reform the commerce department announces the economy shank in the last quarter of 2012. this is not only the single decline of 2012 we did not shrink in any more quarter. it is the first drop we have seen in 3 and a half years. why thare they talking firearms and immigration reform instead of ways to put people back to work. daily beast columnist kirsten powers. we sat out there when he made his inaugural address some of the panel skrcontract sized president obama for talking about things like immigration reform and gun control and his push on green energy. where was the talk about jobs and the economy and now we see this economic news about how we slunk in the fourth quarter. >> the president has to be concerned about the economy. you can't be president and ignore what's going on economically. the problem is what direction he is going to go. he wants to focus on deficit redu
reports, 157,000 jobs were added to the economy, but the way wall street sees it, it came in soft. wall street is looking at it at a more broader view, and they are looking at the momentum from november and december, and you are seeing a stronger trend continue, so that's good news obviously. but then again there has been an underlying optimism already in the market, and that's being fueled by the federal reserve. and that's buying up mortgage backed treasury and securities, and that's driving interest rates lower so the best game in town as far as investors see it to make money is here in the stock market, and it's driving investors to the stock market. and what moved the needle, it was the jobs number, and how the next milestone for the dow will be the all-time high, and first we will see if it can hold at 14000 at the close, and then we will see what happens. >> how much confidence do we have in this rally? >> some say not much, and others say stocks are making a comeback and the economy is doing that as well. one well known economist talks about this, and here is what he had to say.
to negotiate a bigger grand bargain, as the president would like to have, that the economy could tilt back into recession, we've seen the stock market go up, encouraging signs of job growth. the president says that could be at risk when you have federal budget cuts, true? >> the cbo, congressional budget office came out with a report ten minutes ago that said the effects of the sequester would retard growth by 1.3 percentage groups. the cbo said, if we get rid of the sequester, we're not going to grow at gang buster rates. yes, the sequester will not be good for the economy but the president, i suspect, will try to do, and definite hawks advising, we can replace the sequester with a smarter strategy that is a more gradual deficit reduction plan. he's going disagree with the republicans on how to do that. he's going to want revenue to be part of it. republicans will say no thank you. >> we'll get the president if a minute and a half. white house gave us a two-minute warning. i would say it's a short-term for the president and the congress not doing what they're supposed to do pass a budget
kindergarten to the time they leave higher education we must prepare them to succeed in a 21st century economy. and if we're sincere in our concern for the next generation, how we deal with one another matters. not only during the session but throughout the campaigns that bring us to hold these positions of public trust. every day our kids watch what we do, and every day they learn from us. so members of the 63rd legislature, what i ask of you tonight, it is simple and it's straightforward. first, be responsible with our budget because i won't allow us to spend more than we take in or make cuts that undermined our long-term stability. second, join me in focusing on creating jobs, improving our system of education, and making government more effective. and lastly, act in a manner that we're not ashamed to have our children watching because they are. i'm taking these principles to heart and we've already hit the ground running to better create better jobs, better schools and a more effective government. a company recently came to the state of montana and said they would like to locate a manufact
. and we just learned that our economy created more jobs over the last few months than economists originally thought. >> hey, guys, holding back on front page politics and back to alabama now where there's a news conference on that hostage situation. let's take a listen. >> he's also allowed us to provide coloring books, medication, toys. i want to thank him for taking care of our child. that's very important. at this time i'm going to let you ask me a couple of questions. but you know it needs to be brief. there's very limited -- i'm limited to what i can give you. >> why medication? >> ma'am, i can't release that. >> do we know if he's actually taking it? >> what do we know about the actual state of the child? >> we can only do a couple. >> does he have television and electricity? >> we don't have a lot of details of that, okay? >> [ inaudible ] bus driver -- hit an emergency button inside the bus to call police. >> i don't have any information about that. >> can you tell us anything about your conversations with the suspect? >> we've been in constant communication with mr. dyke
to continue tipping away at the problem. the big concern is that everyone believes that the economy is moving in the right direction. the president is pointing to auto sales, the housing, to manufacturing. and so there's this worry that if this see quester happens, if these deep cuts happen then it could be a major set back for the u.s. economy. the president is saying the threat already is kauszing a lot of uncertainty in the marketplace. >> we've also seen the effects that political dysfunction can have on our economic progress. the drawn out process for resolving the fiscal cliff hurt consumer confidence. the threat of massive automatic cuts have already started to affect business decisions. so we've been reminded that while it's critical for us to cut wasteful spending, we can't just cut our way to prosperity. deep, indiscriminate cuts to energy and national security will cost us jobs and it will slow down our recovery. it's not the right thing to do for the economy. >> the president, of course, still wants a bigger deal here. in the meantime he wants a short-term fix of spending cuts and
predicted it could harm the economy if the cuts are allowed to kick in. instead of working together to do something about it they resorted to the blame game a month before the deadline. republicans may be the party of spending cuts but on monday house speaker john boehner insisted the looming sequester was the president's idea. >> the president first proposed this sequester in 2011 and insisted that it be part of the debt limit agreement. >> reporter: unless congress acts the package of cuts worth $1.2 trillion will start to kick in march 1st, taking a $55 billion bite out of this year's defense budget and $27 billion from domestic discretionary spending. according to the congressional budget office more than 1 million jobs are at risk. defense secretary leon panetta had this warning. >> we are going to weaken the united states and make it much more difficult to respond to the crisis in europe. >> reporter: the cuts were designed to be so painful they would force congress to come one a smarter way to trim the deficit instead but it didn't happen. house republicans
to the economy and republicans pushing for border security and that both sides should take their time to provide a pathway to citizenship for the 11 million illegal immigrants curaren'tly in the u.s. >> and that is not about being in a hurry but trying to get it right. on behalf of the american people, and those who are suffering under an immigration system that and the work very well for anybody. >> both the house and senate curaren'tly drafting their own immigration bills, the president preparing to deliver his proposal next week. >>> president obama made his first trip as president to israel in the spring. while in the region, at least he will, he will visit the west bank and jordan. analysts say the president's trip could offer an opportunity to repair a strained relationship with the prime minister and the possibility for a breakthrough in the stalled negotiations between israelys and the palestinians. >>> the first bipartisan house bill to combat gun trafficking was announced today. the gun prevention act of 2013 makes firearms trafficking a federal crime and will impose stronger penalties
. our economy could use some presidential leadership right now. >> house republicans want to force the president to submit a budget that would balance in 10 years. >> they hope to pass it in march unless they come up with a deficit reduction agreement before that. it would hurt readiness maintenance and training and make it difficult for the u.s. to respond to global crises. >> it would bite hard no question. wendell, thanks. >> it's not the kind of news wall street was looking for today. stocks had the worst day of the year. the dow dropped 130 points s&p lost 17 the nasdaq lost 40. president obama turned up the volume on the gun control members today in minnesota where hunting and gun ownership is big business. in an attempt components like the nra the president took his message directly to the people. mike emanuel has the story. >> president obama went to minneapolis for what he hopes to be common sense proposals. he choose minneapolis to spotlight the steps he has taken. >> this city launched a series of youth initiatives that reduced the number of young people injured by guns
that the economy is improving. so you can be happy about that. christine romans is here with me. she's smiling, too. one of those good news bad news stories. on your personal economy, you always tell me your business is a business of one, economy of one. that's painful statistics. >> it is. it's a week worth of your life wasted trying to get to work. it's a sign of a strengthening economy, it means you are driving to work more, it means more deliveries are being taken by truck on the roads. and it also means bridges are being fixed, some of those delays are because of infrastructure work. in 2005 you spent 43 hours in the car every year, 2010 dropped to 34 hours. we are back up to 38 hours. that's enough wasted gasoline sitting in traffic costs you 818 bucks a year, as much gas as could fill the superdome four times. dc is the worst which has a growing economy. dc, los angeles, san francisco, new york and boston. those are cities with the worst traffic, this from texas a & m. >> i know everybody is different. everybody has a different commute and that sort of thing. on average, what is the family b
that it's better to kick the can down the road than to kick the economy off the cliff. this is kind of a self-inflicted answer to a concocted crisis. the threat to default on the debt a few years ago to try to force a budget deal, and then oh, we're going to put these automatic cuts in, they're going to be so terrible that that will force our hand, and now the political market and everybody else is kind of priced in already the nonsense. so i think as an economic matter, it would be really bad to have this austerity go in effect right now but it's not a permanent solution, it's not a way to run a railroad or a government. >> you have a point. a lot of people agree with you. but let me ask about this. the president's 2013 budget was $3.8 trillion. the automatic spending cuts, sequester, is $110 billion a year, less than 2.9% of the president's budget. if he cannot cut that, if the republicans cannot cut that, this is where i get to the feeling they're all pathetic. i don't understand. how can you go smaller? >> erin, i agree with you completely. what i think michael is forgetting and
to talk about and others say, yes, it is a milestone after the economy pretty much fell to pieces. now this is a sign that things are finally come canning back. remember this, march 1999. the height of the dotcom boom. the dow hit 9,000 for the first time. >> it was a big deal when we hit 10,000. we handed out hats. >> fast forward to 2006, the height of the housing boom, dow 12,000. but we wouldn't see that threshold for a long time. the housing market was crumbling and recession was lurking. now, five years later, we are back. and the returns, staggering. bank stocked buoyed by cheap interest rates are back and the rally is driven by you, the individual investor. you've plowed $16 billion into the market in the last three weeks. the economy seems healthier but perhaps the biggest driver is the federal reserve. >> it goes right back to the fed stimulus. they are pumping the system with so much money and keeping rates artificially low that sabers and they force this trade into risk assets. >> that means stocks. the fed is pumping $85 billion a month into the economy by buying long-term
from its all time high. we'll tell you where it's going like gangbusters while the economy is still limping along. it will provide some insight into what you might want to do with your own hard earned cash. next. oil changes at meineke are always a great deal. then you're going to love this. right now they're only $14.95! wow-a grt deal just got a whole lot better. hurry. $14.95 won't last. >>> investors are going to kick off the week on a high note. the dow jones finished the week above 14,000. the first time that's happened since october 2007. joining me from new york, ken, how are you? the economy is not sparkling, and yet the dow pushed past the 14,000 mark, why? >> there's a couple things, friday is a perfect example. we had that big nonfarm's payroll which everyone was focusing on. it's a number you want to see being positive. what we got was plus 154 which in an odd way saefrs everybody, we're getting a positive number, so that's good. but the number's not good enough for the fed to pull back on stimulus. they're getting it from both ends. they're getting the positive return
it fits into the economy. he is pushing for bipartisan strategy lawmakers for immigration reform and the passes. a week ago a group of 8 senators from both sides of the aisle republican and democrats outlined principles calling for tighter border security, a guessworker program a pathway to citizenship and employment verification. >>> to think that 11 million are living among us without document station. we need to give them a chance to earn their way through citizenship by paying taxes, establishing they are no threat to america by their background and meet the basic standards we require. >> both sides appear to be willing to get the job done he cautioned if the plan does not include border security at that point it may not get done. >> the right kind of bill will benefit both parties president obama will get the achievement he fail to do deliver on in the first term and republicans can put the issue bind them. a bad bill will hurt the country. >> rove's success with immigration reform will be president obama how he accepts or declines or will he go with his own plan which may p
Search Results 0 to 49 of about 148 (some duplicates have been removed)